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The historical data trend for ExcelFin Acquisition's Property, Plant and Equipment can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ExcelFin Acquisition Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Property, Plant and Equipment | - | - | - |
ExcelFin Acquisition Quarterly Data | ||||||||||||||
Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | - | - | - | - | - |
Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.
Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.
Some of the most common parts of property, plant, and equipment are:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.
The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.
For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.
All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.
The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.
ExcelFin Acquisition (NAS:XFIN) Property, Plant and Equipment Explanation
A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.
Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.
Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.
Thank you for viewing the detailed overview of ExcelFin Acquisition's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Highbridge Capital Management Llc | 10 percent owner | 277 PARK AVE, 23RD FLOOR, NEW YORK NY 10172 |
Neil E Wolfson | director | C/O ON DECK CAPITAL INC., 1400 BROADWAY 25TH FLOOR, NEW YORK NY 10018 |
Ragan Joseph Douglas Iii | officer: Chief Financial Officer | 250 WEST 34TH STREET, #4125, NEW YORK CITY NY 10119 |
Alka Gupta | other: Advisory Board Member | 2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201 |
Brady W Dougan | other: Advisory Board Member | 35 WILSHIRE ROAD, GREENWICH CT 06831 |
Warren B Riley | officer: Chief Operating Officer | C/O OAK INVESTMENT PARTNERS, 901 MAIN AVENUE SUITE 600, NORWALK CT 06851 |
Logan William Allin | director, officer: Chief Executive Officer | 473 JACKSON ST., SUITE 300, SAN FRANCISCO CA 94111 |
Goh Lin Piao | director | 473 JACKSON ST., SUITE 300, SAN FRANCISCO CA 94111 |
Gary Meltzer | director | 473 JACKSON ST., SUITE 300, SAN FRANCISCO CA 94111 |
Zhouchuan Sun | officer: Executive Vice President | 473 JACKSON ST., SUITE 300, SAN FRANCISCO CA 94111 |
Hill Jennifer Murphy | director | 473 JACKSON STREET, SUITE 300, SAN FRANCISCO CA 94111 |
Excelfin Spac Llc | 10 percent owner | 473 JACKSON ST., SUITE 300, SAN FRANCISCO CA 94111 |
Grand Fortune Capital, Llc | 10 percent owner | 600 NEWPORT CENTER DRIVE, SUITE 1250, NEWPORT BEACH CA 92660 |
Grand Fortune Capital (hk) Co Ltd | 10 percent owner | ROOM 603, 6/F, HARBOUR CRYSTAL CENTRE, 100 GRANVILLE ROAD, TSIM SHA TSUI K3 00000 |
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